What we own

The Group has a 1.5% life of mine GRR over three exploration tenements in the central Pilbara region of Western Australia owned by a wholly-owned subsidiary of BHP Billiton Limited (‘BHP Billiton’), which is dual-listed on the LSE and ASX.

Performance

Although no tangible progress in 2018 has been reported in relation to our tenements, BHP continue to advance the permitting of their South Flank licences. Whilst this will have minimal consequences for Anglo Pacific’s tenements, we are encouraged that BHP are expanding their plans adjacent to Mining Area C, and that it remains likely they will focus on higher grade deposits, which the Group’s royalties cover.